Baltimore home sales were up 35% in April 2010, partially due to the tax credit deadline ending, and partially due to low prices and low interest rates.
According to the Baltimore Business Journal and MRIS, the Mid-Atlantic Multiple Listing Service, 2,205 homes went under contract in the Baltimore Metropolitan area, including Baltimore City, Baltimore County, Harford County, Anne Arundel, Howard and Carroll Counties.
April 2009, in comparison, had 1,632 homes under contract.
This was up also from March 2010, where 1,800 Baltimore homes sold.
Though I had three Baltimore homes go under contract near the end of April, only one had an eligible person attempting to get the tax credit. What I am finding is Baltimore homebuyers realize how low housing prices AND low interest rates are, and whether or not they qualified for the credit, they wanted to take advantage of this great buyer's market.
I also had another home go under contract yesterday. This buyer would have qualified for the credit, but the right home was not on the market yet -- and she was not willing to settle for something that wasn't right just to get $6,500. That home came on this past week.
So despite the tax credit being over, I see the Baltimore home sale market still strong and thriving, now that we are 15 days out!
For more Baltimore real estate information, please contact me.
For any real estate needs in Towson, Maryland or around the Baltimore Metropolitan area,
THINK MARNEY IN MARYLAND!
Marney Kirk Keller Williams Excellence Realty
1850 York Road, Suite K
Timonium, MD 21093
E-mail: realtormarney@yahoo.com
Website: www.realtormarney.com
Office: 410-560-5858 Cell: 410-493-4884
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